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Charles Schwab & Co., Inc.
Email Alert Internet Daily for Thursday, November 1, 2001 by Frank Barnako CBS MarketWatch.com Ecommerce crawls back from Sept. 11 Renewed interest in travel is helping online shopping activity reach a pace not seen since the terrorist attacks of September. Hotwire.com, a discount travel service, said it has registered 1 million new users since the tragedy. Daily sales and transactions are equal to those of the weeks prior to Sept. 11, said Hotwire president Karl Peterson. ComScore Networks reported similar results in its weekly survey of Internet users' transaction data. Travel category product sales were 6% below pre-attack levels, the Reston, Va., research firm said. During the week ending Oct. 28, total domestic ecommerce sales were $974 million, 2% below the average for five weeks prior to Sept. 11. Don Hess, ComScore vice president, said, "We suspect the needle is starting to move in holiday shopping, perhaps earlier than the industry might expect." ----------------------------------------------------------------- Internet World rescheduled to December The ninth annual Internet World conference will be held Dec. 10-14 at the Jacob Javits Convention Center in New York City. The show was originally planned for Oct. 1-5. Organizer Penton Media said the majority of exhibitors and speakers set for October have reconfirmed for the December event. Internet World will be held simultaneously with another show, Streaming Media East 2001. Keynote speakers at the shows will include AOL Time Warner co-COO Bob Pittman, Real Networks founder Rob Glaser, and Playboy Enterprises chairman and CEO Christie Hefner. ----------------------------------------------------------------- High-speed Net accessible to 75% Broadband Internet access will be available to three-quarters of U.S. households by the end of the year, according to market researcher Yankee Group. That is an increase from 60% at the end of 2000. Cable modem service will pass 66% of homes compared to 45% available for digital subscriber line service. "Success will increasingly be driven by the network operators' ability to lower the cost of hook-ups," said Michael Goodman, a senior analyst. He estimated that cable companies spend an average of $360 for equipment to support a broadband subscriber. He cited this as a reason why cable companies, such as ComCast , are aggressively selling self-install cable modems through retailers such as Circuit City and Best Buy. ----------------------------------------------------------------- For late-breaking market news you can't afford to miss, go to http://CBS.MarketWatch.com/ ================================================================ LOGIN to access your account: https://investing.schwab.com/trading/start ---------------------------------------------------------------- To unsubscribe or modify your Email Alert customization options, log in using the link below or copy and paste it into your browser's address window: https://investing.schwab.com/trading/start?SANC=EAMyAlerts ---------------------------------------------------------------- Notice: All email sent to or from the Charles Schwab corporate email system may be retained, monitored and/or reviewed by Schwab personnel. (0801-11478) Copyright 2001 CBS MarketWatch. All rights reserved. Commercial use or redistribution in any form, printed or electronic, is prohibited. Distribution by Quris, Inc.
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